Micware Co., Ltd. (NASDAQ:MWC) Stock Short Interest Jumps 408.7%

Micware Co., Ltd. (NASDAQ:MWC – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 198,324 shares, an increase of 408.7% from the August 31st total of 38,985 shares. Based on an average trading volume of 212,947 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

Micware Stock Performance

NASDAQ:MWC opened at $1.74 on Friday. Micware has a 12-month low of $0.78 and a 12-month high of $13.95. The company has a 50 day simple moving average of $1.55.

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Micware (NASDAQ:MWC – Get Free Report) last issued its earnings results on Tuesday, May 19th. The company reported $0.05 EPS for the quarter. The business had revenue of $35.28 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of Micware in a research note on Tuesday, August 11th. They set a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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Micware Company Profile

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Micware is a Japan-based software company focused on mobility and automotive technology. The company develops software and digital solutions designed for use in vehicles, including in-car navigation, connected-car functionality and related location-based services.

Its products and services support automotive manufacturers and mobility businesses in integrating navigation, mapping, telematics and other software capabilities into vehicle systems. Micware’s work is centered on embedded and cloud-connected applications intended to improve the driving and transportation experience.

The company was established in Japan and serves customers primarily through its automotive and mobility technology operations.

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